Buy Reliance Home Finance; target of Rs 91: Cholamandalam Securities

RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the niche area for the company, continued to constitute 75% of Home loan disbursements in 1QFY19. Adding to the de-growth in loan book, the company also saw a 30bps (QoQ) dip…

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Shall I buy the HDFC AMC stock or mutual fund?

HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business is to offer its investment management service to investors—both retail and institutional. It’s performance track record as an asset manager is mixed. For example, investors into the best equity scheme over a…

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Buy Repco Home Finance; target of Rs 684: Cholamandalam Securities

Cholamandalam Securities’ research report on Repco Home Finance   RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% growth in TN and 20-25% growth in ex-TN regions) and disbursements by 35-36% in FY19E. Growth in loan book was led by salaried segment (18.8%YoY). Non-salaried segment witnessed a moderate…

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Ford EcoSport compact SUV vs Freestyle hatchback-based crossover: Who should buy what?

Ford recently launched the all-new Freestyle hatchback-based crossover, in India. The Freestyle was launched considering the rising popularity of SUVs in the Indian market, and this entry-level hatchback-based crossover is likely to attract a lot of customers. Even though there is quite a price difference between the Freestyle and the EcoSport, many prospective customers are likely to take a look at both the vehicles in Ford showrooms while making a buying decision. If you’re one such customer facing a hard time deciding between the two, we try to simplify the…

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Want to buy a house? Here’s how much to invest in SIPs to achieve your goal

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. Financial goals are an integral part of investing money into various schemes. Setting aside a life or financial goal can often be motivational for higher investments. A call to Zee Business mutual fund helpline came from a 28 year old investor who has started an SIP in six funds. His dream is to buy a house after a period of seven year and will continue with his investments after that. For that he said he wanted a…

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Best Buy Center Gives Wisconsin Teens Access to Technology

 Best Buy’s Teen Tech Center at Minneapolis Central Library is serving underprivileged youth by providing them with hands-on access to technology. About 300 teens are active members in the free program, Minnesota Public Radio reported . The program provides teens with computer software and equipment that they can use to learn new skills and make things. Available technology includes virtual reality headsets, a green screen and a soundproofing recording studio. Kiara Raquel launched her natural skin care line last year. The 18-year-old uses the center’s resources to help grow her business, Venus…

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Canon to buy network video camera maker Axis

Canon is planning to buy Swedish security camera maker Axis Communicationsamid slumping demand for digital compact cameras. The tender offer is worth about ¥333 billion (US$2.8 billion) and has been approved by the three largest shareholders in Axis, Canon said Tuesday. Canon already makes its own security cameras, but with Axis it will gain a broad range of IP-based video surveillance products and an open application platform for third-party app development. Cameras make up nearly 40 percent of Canon’s sales, but as smartphones have damped sales of digital compact cameras,…

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